As indicated by the tight pricing, demand for what will be the only pure gold miner listed on the Hong Kong exchange was solid with very little price sensitivity in the book. However, the amount of orders received from retail investors wasnÆt on the same scale as for a typical Hong Kong initial public offering and no clawback was triggered.
Technically, the Morgan Stanley-led deal wasnÆt an IPO since the stock is already listed in Australia, but...
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